ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Nikkei Markets

Malaysia revives China-backed rail project to spur growth

China Exim Bank agrees to lend 85% of project cost, to soon ink funding pact

The ECRL is one among the few big ticket infrastructure projects that Mahathir has sought to revive to perk up activities in a trade-reliant economy amid mounting external uncertainties and sluggish domestic demand.   © Reuters

KUALA LUMPUR (Nikkei Markets) -- Malaysia Thursday relaunched a $11 billion China-backed rail project after slashing the construction cost by a third, which is expected to rev up activities in a slowing economy and reduce interest liability of the government hobbling under massive debt.

Malaysia is hoping the revival of East Coast Rail Link or ECRL will not only benefit the construction sector - a key component of its economic output - but also boost the logistics segment.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more